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AMA RECAP : CoinValue + Bumper

The CoinValue Community hosted a Telegram AMA with Bumper CEO Jonathan DeCarteret and COO Gareth Ward.

The discussion included topics such as:

  • How Bumper’s DApp can provide stability in the volatile crypto landscape.
  • The balancing act of investment factors that Bumper’s protocol works with to provide asset-protection.
  • Recent developments in the soon-to-be-released DApp.
  • The possible areas of expansion for Bumper’s future.
  • How you can get involved in this new project.

Q1. Please introduce yourself and tell how you started a crypto business.

Gareth: Hi all! Glad to be here. I’m Gareth, the COO and Co-Founder of Bumper. I come from a creative industries background and have been involved in start-ups, tech and crypto for some time. Jonathan and I founded INDX a few years back and managed to brave the crypto winter and come out the other side with Bumper. Jonathan is a highly experienced entrepeneur that has built many successful startups in tech, fintech and other industries.

Jonathan: I graduated with a degree in AI. Have spent the rest of my career — building and exiting companies. Most notably Switch which I grew to the UKs 60th fastest growing company.

Q2. What are the advantages of Bumper to other alternatives?

Jonathan: Simply — the price of your assets can be protected. Alternatives are Stop Loss and Options Desks. Stop Loss cashes you out and you miss on any subsequent surge. Options are clunky, expensive, complex and have fixed expiry windows. Bumper is super efficient (c3% cost per year) and flexible.

Gareth: Fundamentally there are no real alternatives that are similar.

Q3. What are the major milestones Bumper has achieved so far & exciting milestones on the roadmap?

Jonathan: So many to list here. The principle itself. Leveraging pooled liquidity to distribute risk. Building the curves. Modelling the real-world data. Building a stunningly intuitive DApp. Being inundated with VC investment was the ultimate proof of concept for us. It was crazy turning down over $32m of investment and signalled the moment we realised this will be a crypto game-change.

Solving for slippage is probably our most important innovation.

Here’s our roadmap of milestones….

  • $10m+ Fundraise (over $e32m USD oversubscribed).
  • 2021 Q2: [R1a Launch — IN PROGRESS]
  • Detailed whitepaper
  • Agent-based and game-theoretic modelling for proving cryptoeconomic design
  • Modelling of token economics (i.e. token liquidity and treasury forecasting)
  • Dual independent smart contract audit.
  • Mid June: (On-Track) Release 1a for Liquidity Providers (“Makers”)
  • Target TVL for initial release $100m
  • 2021 Q3: [R1b Launch — IN PROGRESS]
  • Mid-August: (On-Track) Version 1.0 Bumper protocol launch
  • Retail go-live via Bumper DApp.
  • Secret partnership announcement and integration with major DeFi protocol.
  • Continued work on improved Bumper protocol capital efficiency via integrations with:
  • CDP lending sites (Aave/ Maker/ Compound)
  • Wallets (Metamask/ Coinbase)
  • Centralised exchanges (Binance)
  • Decentralised exchanges (Uniswap/ Sushi/ Balancer)
  • Synthetic assets (Synthetix/ Mirror)
  • Derivatives (Barnbridge/ Nexus/ Vesper)
  • 2021 Q4: [R2 Launch — IN PROGRESS]
  • Expanded asset protection whitelist to include:
  • Major large-cap ERC-20 assets
  • rBTC/wBTC
  • bCOIN, e.g. (bTSLA/ bAPPLE/ bGOOG)
  • Expanded stablecoin compatibility (BUSD/ USDT/ DAI)
  • 2022 Q2: [R3 Launch — ON ROADMAP]
  • Interchain interoperability (i.e. BSC/ ETH L2)

Questions from Twitter

Q1. Do you have mechanisms for panic sales prevention? How do you prevent whales from dumping $BUMP token value? #AMABUMPER by @KhaleesiTheCryptoLady

Jonathan: BUMP, like any tradable asset is subject to normal market dynamics and we can’t prevent that in a fair and honest market. However, there are a number of token metrics we have engineered that provide stability to the BUMP token. Firstly, the vesting period for Team and institutional investors is 18 months, distributed weekly. This ensures there is sufficient liquidity but commits early supporters to the long term. The emission rate is also carefully balanced to support a sustainable, robust protocol. Staking is something we are currently modelling to reward long term Hodlers. Together these measures encourage all actors to continue holding BUMP.

Gareth: In terms of panic sales prevention, the protocol is designed to deal with that. Drops in price are, at its core, a two-part problem but both intertwined. Firstly, the actual level of drop and secondly, the time it takes to drop and/or recover. The worst-case scenario is a big and fast drop with an elongated flatline. Bumper is well-equipped to handle those kinds of drops.

Q2. Which exchange or where do we get to buy more bumper token? What is your long term goal about this bumper project? #AMABUMPER by @raizen1404

Jonathan: The first opportunity to buy BUMP will be exclusively for Liquidity Providers (LPs) who deposit USDC next month. LPs will be able to swap some of their USDC for BUMP. This will be followed by a public sale on a launchpad. Finally, BUMP will be available on UniSwap in Oct.

Q3. I read in the site Bumperfi protect your cryptos when the price drops. Can you tell to us what is the big difference of the stable coins and if have a smart contract to make it and how its works! #AMABUMPER by @cryptoinvestor02

Jonathan: Bumper works by balancing a pool of stable coins (USDC) with a pool of unstable assets (ETH). The protocol is constantly monitoring an array of ratios and uses ‘first order’ and ‘second order’ mechanisms to rebalance. This is all parameterised in the smart contract.

Gareth: We then back stop that with a Prudential Capital Reserve to help support the protocol.


Q4. What other innovative measures is bumper Finance taking to improve the project for the long run? Are there other projects coming under bumper Finance and how soon are we expecting them #AMABUMPER by @mark19101995

Jonathan: Expansion Expansion Expansion

Then Bumpering tokenized traditional equities, stocks, derivatives, NFTs, even potentially property. The list is long.

Gareth: Expanded asset protection whitelist to include:

  • rBTC/wBTC
  • bCOIN, e.g. (bTSLA/ bAPPLE/ bGOOG)
  • Expanded stablecoin compatibility (BUSD/ USDT/ DAI)

Continued work on improved Bumper protocol capital efficiency via integrations with:

  • Wallets (Metamask/ Coinbase)
  • Centralised exchanges (Binance)
  • Decentralised exchanges (Uniswap/ Sushi/ Balancer)
  • Synthetic assets (Synthetix/ Mirror)
  • Derivatives (Barnbridge/ Nexus/ Vesper)
  • Interchain interoperability (i.e BSC/ ETH L2)
  • Expand to ER

Telegram Community Questions

Q1. Suger1afternoon

Is the new ux design from uxda wireframes aka a mock up or a real app ready to go (when you can offer features it shows)?

Jonathan: The new UX is a fully working version and is undergoing final refinements before smart contract audit. We’re are very bullish this will be ready for release within 1 month. This will allow yield farmers to deposit USDC and receive $BUMP

Q2. Xxx gimme xxx gimme xxx

CAN YOU LIST all your SOCIAL Media where I can follow you and see your Updates and announcements???

Jonathan: You can check out our website https://bumper.fi

We’ve just kicked off our Youtube channel so it would be great to see some followers over there: https://www.youtube.com/channel/UCev3-UKT8u332ujjdFiMPbQ


Q3. Ghum Babu

Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

Jonathan: Bumper only supports long term backers of the protocol. We intend to become a Top3 DeFi protocol that is the goto lego block for price protection. Our investors believe this too, which is why they share our 18month vesting period. This is why the token emission rate is slow but steady. This is why we’ll introduce staking. Bumper will be here in 10 years and by that time would have also migrated across to institutional protection.


About Bumper

Bumper protects the value of your crypto using a radically innovative DeFi protocol. Set the price you want to protect and if the market crashes, your asset will never fall below that price. Importantly, if the market pumps, your asset rises too.

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Check out the website: https://bumper.fi

Follow us over on Twitter: https://twitter.com/bumperfinance



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Bumper protects the value of your crypto using a radically innovative DeFi protocol.